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REGISTERED NUMBER: 03480502 (England and Wales)














Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Land Treasure Property Limited

Land Treasure Property Limited (Registered number: 03480502)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Report of the Directors 2

Statement of Comprehensive Income 3

Balance Sheet 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Land Treasure Property Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr N F Oakes
Mr P Lui





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





BUSINESS ADDRESS: Prestige House
142 Bury Old Road
Whitefield
Manchester
Greater Manchester
M45 6AT





REGISTERED NUMBER: 03480502 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Land Treasure Property Limited (Registered number: 03480502)

Report of the Directors
for the Year Ended 31 May 2023

The directors present their report with the financial statements of the company for the year ended 31 May 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.

Mr N F Oakes
Mr P Lui

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr N F Oakes - Director


21 February 2024

Land Treasure Property Limited (Registered number: 03480502)

Statement of Comprehensive
Income
for the Year Ended 31 May 2023

2023 2022
Notes £    £   

TURNOVER 29,930 24,390

Cost of sales - 26,339
GROSS PROFIT/(LOSS) 29,930 (1,949 )

Administrative expenses 26,588 57,226
OPERATING PROFIT/(LOSS) 3,342 (59,175 )

Interest receivable and similar income 376 -
3,718 (59,175 )
Gain/loss on revaluation of investments 51,724 (51,724 )
PROFIT/(LOSS) BEFORE TAXATION 55,442 (110,899 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

55,442

(110,899

)

OTHER COMPREHENSIVE INCOME
Investment property revaluation
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

55,442

(110,899

)

Land Treasure Property Limited (Registered number: 03480502)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 801,720 1,450,426
Investment property 6 868,401 868,401
1,670,121 2,318,827

CURRENT ASSETS
Debtors 7 10,057 96,940
Cash at bank and in hand 445,334 339,590
455,391 436,530
CREDITORS
Amounts falling due within one year 8 26,951 11,808
NET CURRENT ASSETS 428,440 424,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,098,561

2,743,549

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 9 514,090 514,090
Retained earnings 9 1,583,471 2,228,459
SHAREHOLDERS' FUNDS 2,098,561 2,743,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Land Treasure Property Limited (Registered number: 03480502)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr N F Oakes - Director


Land Treasure Property Limited (Registered number: 03480502)

Statement of Changes in Equity
for the Year Ended 31 May 2023

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   

Balance at 1 June 2021 1,000 2,339,358 514,090 2,854,448

Changes in equity
Total comprehensive income - (110,899 ) - (110,899 )
Balance at 31 May 2022 1,000 2,228,459 514,090 2,743,549

Changes in equity
Dividends - (700,430 ) - (700,430 )
Total comprehensive income - 55,442 - 55,442
Balance at 31 May 2023 1,000 1,583,471 514,090 2,098,561

Land Treasure Property Limited (Registered number: 03480502)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Land Treasure Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Bank and other interest is recognised in the period in which it is receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price.

Investments
Investments are accounted for at cost less impairment in the financial statements of the company. Listed investments are measured at fair value, with changes in fair value recognised in profit or loss account. Dividends on investments are recognised in the period in which they are received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Land Treasure Property Limited (Registered number: 03480502)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments
Amounts payable under operating leases are charged to the profit and loss account in the period in which they are incurred.

Going concern
The company's financial statements for the year ended 31st May 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DIVIDENDS
2023 2022
£    £   
Interim 700,430 -

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST
At 1 June 2022 448,276 1,002,150 1,450,426
Disposals (448,276 ) (200,430 ) (648,706 )
At 31 May 2023 - 801,720 801,720
NET BOOK VALUE
At 31 May 2023 - 801,720 801,720
At 31 May 2022 448,276 1,002,150 1,450,426

Land Treasure Property Limited (Registered number: 03480502)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 868,401
NET BOOK VALUE
At 31 May 2023 868,401
At 31 May 2022 868,401

The director considers the market value of the properties to be not materially different from cost as at 31 May 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 611
Other debtors 10,057 96,329
10,057 96,940

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 219
Taxation and social security - 63
Other creditors 26,951 11,526
26,951 11,808

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2022 2,228,459 514,090 2,742,549
Profit for the year 55,442 55,442
Dividends (700,430 ) (700,430 )
At 31 May 2023 1,583,471 514,090 2,097,561

10. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is Lui Investments Limited, a company incorporated and registered in England and Wales. Copies of the financial statements of these undertakings can be obtained from Prestige House, 142 Bury Old Road, Whitefield, Manchester, M45 6AT.